Traders cautious ahead of Nigeria’s MPC decision
Traders are cautious as they await today’s Monetary Policy Committee outcome to give guidance on interest rates. Dipo Ajayi, Head of Fixed Income and Forex at Chapel Hill Denham joins CNBC Africa for this discussion.
Naira depreciates by 0.54% at parallel market
The Naira depreciated in the parallel market by 0.54 per cent to close at 370 to the dollar and in the interbank forex market by 0.02 per cent to close at 305 against the greenback.
CBN to sell dollars to fuel importers, airlines
The Central Bank of Nigeria plans to offer dollar forwards to be delivered within two months, in a bid to offset the backlog of matured forex obligations to fuel importers, manufacturers and airlines.
How will Nigeria's forex policy affect investment?
The Central Bank of Nigeria has pledged to defend its current foreign exchange policy and the apex bank pumped a fresh 240 million dollars in the forex market on Monday.
Nigerian students in UK lament unstable exchange rates
CBN Forex Policy - Nigerian students in UK lament unstable exchange rates.
CBN to meet bureau de change operators on forex stability
Nigeria's Central Bank plans to meet bureau de change operators today to explore ways to eliminate the gap between the official and parallel market dollar rates.
Nigerian stock market starts week negative
The Nigerian equity market opened the week on a negative note with the NSE All Share Index falling 0.27 per cent to close at 27,220.09 points. Investors are digesting more bad news from corporate Nigeria as the economic recession.
How much of a game changer is Nigeria's new Forex policy?
It's been an eventful week for markets in Nigeria. The new Forex policy announced by the central bank sparked a rally at the equities market, while also boosting sentiment at the bond and treasury bills market.